Judgment Flipping

As the economy makes judgment enforcement more
difficult, more people are
trying to make money without having to directly enforce
judgments. Recently,
entrepreneurs attempting to profit without directly
enforcing
judgments are those who teach and attempt "judgment
flipping".

Judgment flipping is the act of finding judgment
sellers,
persuading them to sell their judgments for low prices,
and then finding
buyers to buy them at higher prices. A judgment flipper
tries to make
money on the margin between the buy and sell prices.
This has been
overdone for decades with houses, judgments, cars,
notes, and other
assets.

Sooner or later, judgment flipping courses and
companies will introduce
themselves to Judgment Enforcers. Judgment flipping is
not really new;
it is just another way of making money without having to
directly enforce
judgments.

Before detailing how to flip judgments, here are the
other ways
entrepreneurs make money without directly enforcing
judgments:

* Judgment recovery courses and web sites.

* Judgment lead sellers.

* Skip tracing and asset location services.

* A Judgment Broker.

How to flip judgments:

Judgment flipping depends on locating motivated
judgment
owners, called the Original Judgment Creditors (OJCs).
Here is one way to do it:

You find OJCs, and persuade them to sell their
judgments to you for cash.
You have the OJCs assign their judgment to you, making
you the legal
owner. Then you find judgment buyers, and sell them
the judgments for
a price higher than the price you paid for the
judgments.

This is not as easy as it sounds because judgment
owners tend to believe
their judgments are worth the face value of the
judgment. No judgment is
worth more than the debtor can be made to pay. Many
judgments are
worthless, and even if you persuade an OJC to sell one
for three cents on
the dollar, there is no guarantee of finding a
judgment buyer that will pay more than that.

It is not free or easy to find good judgment leads. You
can buy judgment
leads, or go to courthouses in person or online. You
find the names of the
OJCs and debtors, then screen the judgments to make
sure they are valid,
the OJCs and debtors can be found, and nobody filed for
bankruptcy. Then
you call or write the OJCs, and try to find some that
will sell their
judgment for a small amount of cash. Then you find
judgment buyers, and
try to sell the judgments at a profit.

Flipping Judgments is no more profitable or easy than
any other way of
making money without having to directly enforce
judgments. It is always
dependent on your investment and hard work.